| > You are using the temporal sense of the word "predict" ... Yes -- that's because that's how the word is defined. http://en.wikipedia.org/wiki/Prediction "A prediction (Latin præ-, "before," and dicere, "to say") or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge." (Emphasis added.) > A word may have more than one sense. I am talking about the word prediction as used in statistics. Yes, all right. Statistics uses the word in the same way, for the same purpose -- as a description of a forecasting method, a statement about the future based on past and present data. Consider the various regression-based prediction methods that are, by definition, statements about the future, based on the past. http://www.isixsigma.com/tools-templates/risk-management/use... "Forecasting is a business and communicative process and not merely a statistical tool. Basic forecasting methods serve to predict future events and conditions and should be key decision-making elements for management in service organizations." Shall I list ten more references that make the same point about statistical prediction? How about just one: http://en.wikipedia.org/wiki/Regression_analysis "Regression analysis is widely used for prediction and forecasting, where its use has substantial overlap with the field of machine learning." > If they are correlated then you can use the evidence in the sample to make general predictions in the population ... Only if you don't understand science. Correlation is not causation. |
Regression is for predicting a dependent variable based one or more independent variables. It may or may not involve a time component.
"Regression analysis is widely used for prediction and forecasting, where its use has substantial overlap with the field of machine learning."
Exactly. Prediction and forecasting are not the same thing. That's why they had to state both.
I know your bio is impressive, but I've studied statistics for two years, specifically time-series forecasting and regression modelling. Predictions are a lot of the times not made in a temporal context. E.g. if you predict aspects of the population based on your observations in a sample.
>> Only if you don't understand science. Correlation is not causation.
I might not understand science as well as you do, but I have some modicum of ability in statistics, so there's no need to wave "Correlation is not causation." at me in every reply you make.
Prediction are not always made as a result of a causation.